SpaceX Shares Today: Oppenheimer Raises Target to $280

SpaceX shares (NASDAQ: SPCX) have held above their IPO price for four straight weeks through September 2, and that stability has made at least one Wall Street analyst more bullish on the stock’s prospects. Oppenheimer’s Timothy Horan reiterated a “Buy” rating on SpaceX on Wednesday and raised his 12-month price target to $280 from $250, a 12% increase. The higher target implies Horan sees room for the stock to climb to a fresh all-time high over the coming year.